LAG Network Inc.'s balance sheet and income statement are as follows: Other information regarding LAG Network Inc: o. All sales are credit sales. b. All credits to accounts receivable are recelpts from customers. c. All purchases of merchandise are on credit. d. All debits to accounts payable result from payments for merchandise. e. Other operating expenses are cash expenses. f. The only decrease in income taxes payable is for payment of taxes. Required: Prepare a statement of cash flows for 2020 using the direct method to report cash inflows and outflows from operating activities. (List ony deduction in cash and cosh outflows as negative amounts.) LAG NETWORK INC. Statement of Cash Flows For Year Ended December 31, 2020 Cash flows from operating activities